Africa’s blockchain ecosystem has been on the rise as the adoption of cryptocurrency continues to soar.

Article by John Bamidele.

Reports by the African Blockchain 2021 reveal that funding grew by 1.668 percent rising from $5.1 million to $91 million between Q1 2021 and 2022. The lack of common legacy financial systems and an enormous population, primarily unbanked citizens contributed largely to the popularity and growth of cryptocurrencies on the continent. Blockchain technology, although just emerging has gained popularity globally and is rumored to be the next big thing just like the internet was in the 1990s. In Sub-Saharan Africa, countries like Nigeria, South Africa, Kenya, and Ghana have seen a rapid uptake of crypto assets to access, with more efficient payment trails provided by blockchain.

Africa Blockchain